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investors in china than they do in silicon valley 10 years later. why did they do that? they believed the opportunities there are significant. they think there are more opportunities there than there are here. >> i would say that there have been other countries that have expanded their opportunities. there was not much chance to go back home 25, 30 years ago. we have and flattening the globe. it happens. there is a free flow of capital and ideas. i still would not try our position for anywhere else in the world. we still have a stronger university base. we still have with our challenges more access to capital than anywhere else in the world. we have an entrepreneurial system, even though some complain about the level of regulation, it is still robust. not every idea we originally thought of in america. we used to have such an enormous advantage in every field that we had the ability to look inward and think our ideas were always the best and not worry about competition. now we have to worry about the competition. i think we will step up to it. i think part of this is around this immig
relations with china and japan. and with 100 i.n.f. missiles directed at them how was he going to do that? it was not in their interests to have 100 missiles out of europe. and it was really in their interest. now we've access of records of politburo discussions. let me go back to a couple of words about president reagan. before he first met gorbachev, he wrote out on a yellow pad several pages, without any prompting from anybody, what he wanted to achieve at geneva in his first meeting. bud mcfarland handed me this as we were getting on the plane to go to geneva saying there is what the president has in his mind. if he is wrong somewhere we will have to straighten him out in briefings. actually, it was a very per self-active paper and among -- pe perce perceptive. one of them was a lack of trust or we were not going to some anything else. added if i don't achieve anything else, i must convince gorbachev that though we don't want an arms race, if he wants one he is going to lose it. and, number three, whatever we achieve, we must not call it victory. because that will simply make any furt
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